Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Restaurant with Drive-Thru Title is generated by Realmo AI

    9150 NC Highway 8, Lexington, NC 27292

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    Thriving restaurant for sale with ample parking and drive-thru.

    Type:Commercial
    Lot size:
    3.25 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    155
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 9150 NC Highway 8

    General Information

    Standard status
    Active
    Lot size
    3.25 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    HOWARD SWICEGOOD
    HOWARD SWICEGOOD

    Listing agent HOWARD SWICEGOOD

    Listing office J. MARSHALL REALTY

    Listing date Jan 1, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of J. MARSHALL REALTY

    HighLights

    • Fully equipped restaurant ready for immediate operation.
    • Located on 3.25 acres with ample parking and two entrances.
    • Includes a drive‑thru and curb‑side pickup.
    • Unique interior décor with neon lighting, classic seating, and checkered floor.
    • Year built: 2006.
    • Existing business with established location.

    Overview

    This established restaurant is available for sale, offering a turnkey opportunity for a new owner. Situated on 3.25 acres, the property features ample parking and two entrances, providing convenient access for customers. The restaurant's exterior and interior are enhanced by neon lighting, creating a distinctive ambiance. The interior décor includes classic seating and checkered floor covering, contributing to a unique atmosphere. A fully equipped kitchen is included in the sale. For customers seeking quick service, the property offers both curb pick-up and a drive-thru. The restaurant, currently operating as "Old 64 Diner," will remain open until sold. The property is located at 9150 NC Highway 8, Lexington, NC 27292.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Food Market Grocery & Convenience Store Bakery Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2707
    Latitude
    35.6847

    Nearby Similar for Sale

    • $349,900
      2,100 SF

      Lexington Commercial Building For Sale

      High-traffic location, multiple offices, storage, and ample parking.
      3995 Old US Highway 52, Lexington, NC 27295
      View Details
    • $649,999
      2,850 SF

      Lexington Car Wash Opportunity

      Car wash with laser wash and hand wash bays.
      1544 Old US Highway 52, Lexington, NC 27295
      View Details
    • $450,000
      2,442 SF

      Move-in Ready Office Building

      High-visibility office building with flexibility for various business uses.
      10362 Nc Highway 8, Lexington, NC 27292
      View Details
    • $1.00
      1,500 SF

      Lexington Office Space Available

      Office space featuring private offices, reception area, and HVAC.
      102-C W 1st Avenue, Lexington, NC 27292
      View Details
    • $189,000

      Lexington Home with No Restrictions

      Home with recent updates and no deed restrictions, sold as-is.
      620 Frank Fleer Road, Lexington, NC 27292
      View Details
    • $1,300,000
      23,322 SF

      Versatile Lexington Commercial Building

      Recently renovated 23,000+ sq ft building in downtown Lexington.
      30 E 1St Street, Lexington, NC 27292
      View Details
    • $229,900
      4,080 SF

      Historic Lexington Mill Building For Sale

      Historic 4-story brick building in downtown Lexington.
      1 State Street, Lexington, NC 27292
      View Details
    • $915,000
      2,633 SF

      Lexington Retail Opportunity For Sale

      Former convenience store with high visibility and strong traffic counts.
      19 Cotton Grove Rd, Lexington, NC 27292
      View Details
    • $2,200,000
      8,236 SF

      Established Event Venue For Sale

      Turnkey event venue with immediate income potential on 5.1 acres.
      2929 Hedrick Mill Road, Lexington, NC 27292
      View Details
    • $1,699,000
      1 SF

      Absentee-Owned Gas Station with Property in Lexington, NC

      Lexington Ave, Lexington, NC 27292
      View Details
    • $650,000

      Updated Commercial Building Near Highway

      Updated commercial building with high visibility and accessibility.
      3574 Cotton Grove Road, Lexington, NC 27292
      View Details
    • $450,000
      5,500 SF

      Lexington Commercial Building For Sale

      Approximately 5,500 sq. ft. commercial building in Lexington, NC.
      22 S Talbert Boulevard, Lexington, NC 27292
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Thriving restaurant for sale with ample parking and drive-thru.
    Where is this drive through restaurant located?
    The property is located at 9150 NC Highway 8 Lexington, NC.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Fully equipped restaurant ready for immediate operation.; Located on 3.25 acres with ample parking and two entrances.; Includes a drive‑thru and curb‑side pickup.
    (336) 764-0000
    We can help!
    Listing Contact
    HOWARD SWICEGOOD
    HOWARD SWICEGOOD
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9150 NC Highway 8, Lexington, NC 27292
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!